Are you on the hedonic treadmill? A cautioning tale of lifestyle inflation

Do you remember your student days? I sure do remember mine! Living of a rather small salary from part time jobs I was happy and content sleeping on a mattress on the floor in my small room of the apartment I shared with two friends. All my belongings fit into 2 large boxes and things were generally good. How much did I spend per month? Probably SGD 800 including rent.
A few years later at the age of 29 things had changed…

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